Investment - Share Market

Maharashtra NDA Win Beneficiary Companies

Fwded as received

1. Gala Precision Engineering Ltd

2. CESC Ltd

3. Capacite Infraprojects Ltd

4. PNC Infratech Ltd

5. Ashoka Buildcon Ltd

6. KNR Constructions Ltd

7. CESC Ltd:

8. BIGBLOC Construction Ltd

9. GE Power India Ltd

10. NBCC (India) Ltd:

11. HPL Electric & Power Ltd

12. Ceinsys Tech Ltd

Disclaimer: Please do your own due diligence. This is not buy/sell recommendations

TIME TECHNOPLAST ; Company has received an APPROVAL from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO) for the manufacture and supply of HIGH- PRESSURE TYPE-3 FULLY WRAPPED FIBRE REINFORCED COMPOSITE CYLINDERS (6.8 Litres).

These HIGH-PRESSURE CYLINDERS WILL FIND USAGE FOR STORING HYDROGEN TO POWER FUEL CELL DRIVEN UNMANNED AERIAL VEHICLES AND DRONE APPLICATIONS.

Time Technoplast becomes India’s first company approved to manufacture Type-3 composite cylinders for hydrogen fuel cells, UAVs, and drones. The company is developing additional sizes, reinforcing its commitment to "Make in India" and sustainable green energy. This follows their June 2024 approval for Type-4 composite cylinders for hydrogen storage and transport.

Type-3 composite cylinders outperform conventional batteries with a higher power-to-weight ratio, enabling longer flights, higher payloads, and less frequent charging. Made with advanced materials, they offer an efficient, eco-friendly alternative to traditional power sources.

Garware Technical Fibres Exploring $20-Million Acquisition In Europe, Says CMD

Garware Technical Fibres Ltd. is actively on the lookout for an overseas acquisition worth about $20 million, said Chairman and Managing Director Vayu Garware. The top executive, speaking to NDTV Profit, said that since it will be the company's first ever acquisition, the size may not be big. “We will continue to look at the opportunities of M&As (mergers and acquisitions).

Size will not
initially be very large. We're looking at the $20-million range. It's very easy for us to digest,” he said.

However, there are a few prerequisites that the company looks for before acquiring a business. “It should be a business we understand well, products we understand well, and things that we can add value (to). That's a very core part of our strategy for acquisition,” Garware said.

He said that the company’s focus for this (acquisition) will remain outside India, “probably Europe”.

“A large part of our business is in Europe. Many of our customers also want us to be closer to them. For example, there have been so many challenges in the global supply chain. That's been one of the key drivers. So, yes, Europe is probably our primary target right now,” Garware explained.

The CMD asserted that there will be no impact on the return on capital employed due to a future acquisition. “If there is an acquisition that is significant, then we'll have to see at that time. But, in the normal capex, no,” he said.

Going forward, the company is “looking at aggressively growing”, and it is increasing its capital expenditure to meet this goal.

“We have good opportunities, including in value-added growth space, in some of these areas where we're increasing the capex,” Garware revealed.

The top executive further noted that the focus of his company was “always on profit growth”. Elaborating, he said, “So 20% profit growth is something that is very much on our plan. And we hope that we will be close to that.”

“This quarter, particularly, we've really been driven by the global aquaculture business as well as our geosynthetic business. The infrastructure investment in India driven hard by the government has been a very positive area for us, including soil reinforcement structures and things like that. So we are quite bullish on that area,” Garware noted.

Praj jumps 9% after management expects 300% revenue growth by 2030 

According to the latest filings with the stock exchanges, Praj Industries is targeting growth in several sectors, including sustainable aviation fuel (SAF), biopolymers, and energy transition & climate action (ETCA). The company is also expecting its revenues to increase three-fold or by 300% by 2030. 

The company’s Chairman stated that the traditional oil and gas market will continue to attract new investments, estimated at Rs. 21 lakh crore globally over the next 10 years.

This will drive substantial demand for modularization solutions for setting up plants in these key sectors. 

He further highlighted that to meet this demand, Praj has developed strong engineering capabilities in modularization and has set up an advanced manufacturing facility in Mangalore, Karnataka. The plant, built with an investment of ~Rs. 400 crores across 123 acres, is projected to generate annual revenues of Rs. 2,000-2,500 crores at the optimum level. 

The management stated that Praj Industries’ current annual revenues are around Rs. 3,400 crores, with a goal to reach Rs. 10,000 crores by 2030.

At present, the share of exports is around 29 percent, and the company aims to increase this share to 50 percent by 2030. 

Financials: 
Praj Industries reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of nearly 7.5 percent, falling from Rs. 882 crores in Q2 FY24 to Rs. 816 crores in Q2 FY25. 

Similarly, during the same period, the company’s net profit decreased from Rs. 62 crores to Rs. 54 crores, representing a decline of around 13 percent YoY.

Key Financial Ratios: 
In terms of key financial metrics, Praj Industries has a Return on Equity (RoE) of 23.3 percent and a return on capital employed (RoCE) of 29.3 percent. Additionally, the company’s debt-to-equity ratio stands at 0.13. 

FM says India Setting Standards In Pharma

We Don't Need US FDA Standards

We Should Think Of Having A Bharat FDA To Benchmark Our Pharma & Food Products To Be Accepted Globally

I Would Want Brand Bharat To Stand For Technical & Ethical Quality Of Every Product And Services

Indian Silk Wouldn't Have Lost Its Ground If British Would Have Not Imposed Machines On Us

Indian Polishing And Gems Trade Was Known Globally

FNO Data on 22-November-2024 👇

a. FII in Index Futures - 🩳 Covered!
👉 Added 29k Longs
👉 Covered 17k Shorts

FII Net Shorts down to 1.54 lakh vs 2.01 lakh contracts a day earlier!

b. Client net longs at 2.38 lakh vs 2.81 lakh contracts a day earlier! Short covering happend today.

Protean eGov. Technologies OFS

For non-retail investors : 22 NOV. 2024 (Today)
For retail investors: 25 Nov. 2024

Floor price : ₹1550/-
CMP : 1695/-

PARAS DEFENCE MD Says Plan to set up optical systems development park at an investment of Rs 500 crore

In talks with Maharashtra and Karnataka government to acquire 20 acre land for the facility

See $1 billion oppportunity in the optical system space and hope to have 50% share of that in the next 3 years

Jefferies on SBI

Maintain Buy with TP of Rs 1030

Focus on improving deposit growth even as LDR has room to rise

Asset quality holding up, even in unsecured loans

SBI stays among our top-picks in sector

KRN HEAT BUMPER MODE🔥👍💥❤️😍💫 target full hit🔥

Thank you God🙏🙏